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so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 troll trillion to get us back on track. that means pro-growth tax reform, entitlement reform
so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal...
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Jan 1, 2013
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cliff right now. we're looking forward to anderson and kathy. they're coming up at the top of the hour. stand by for that. >>> looks like a deal. we're follow the breaks news. we'll see if the senate actually does have a roll call vote on the floor of the senate within the next two hours. jessica yellin is over at the white house watching what's going on. you put it in good perspective earlier, dana bash is up on the hill. if there's a deal, jessica, if the senate does vote tonight, are you hearing anything that we might also hear at some point tonight from the president of the united states? >> i think that it is new year's eve and president obama wouldn't want to do anything that would say or do anything to derail this process in any way. i do not expect to hear from the president tonight. i would not be surprised if we hear from him, wolf, tomorrow at some point. and i do think that we know he's been on the phone with both harry reid and nancy pelosi so he has been hard at work and i also know he h
cliff right now. we're looking forward to anderson and kathy. they're coming up at the top of the hour. stand by for that. >>> looks like a deal. we're follow the breaks news. we'll see if the senate actually does have a roll call vote on the floor of the senate within the next two hours. jessica yellin is over at the white house watching what's going on. you put it in good perspective earlier, dana bash is up on the hill. if there's a deal, jessica, if the senate does vote tonight,...
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could be all the way to tuesday. >> right. we are going to be talking about fiscal cliff. where are we? where are we going? what things can we believe that are coming out from capitol hill? what qunt we believe? >> today, we have the fake plan apparently senate republicans had and white house denying. this is -- ugh. interesting. >> what about the white house supposedly sending its own boiled down fiscal cliff bill to the hill? what's going on with that? you've got harry reid's incendiary comments on the floor today. >> it feels like we're at the beginning of the beginning of the end. >> right. i'll be back tomorrow to talk about it. >> jonathan capehart, thanks so much. that does it for this edition of "andrea mitchell reports." craig melvin has a look at what's next. the pride of south carolina. craig, how are you doing, snir. >> good to see you as always. five days to go until the fiscal cliff deadline. john boehner holding a press conference. what might they be talking about? president obama returned to washington today after speaking with all four congressional leader
could be all the way to tuesday. >> right. we are going to be talking about fiscal cliff. where are we? where are we going? what things can we believe that are coming out from capitol hill? what qunt we believe? >> today, we have the fake plan apparently senate republicans had and white house denying. this is -- ugh. interesting. >> what about the white house supposedly sending its own boiled down fiscal cliff bill to the hill? what's going on with that? you've got harry...
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Dec 30, 2012
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now, this is the only shot we havto avoid the fiscal cliff. the fact that they are giving another shot over the next 48 hours, it is probably as good of a result from the meeting s you could've expected. gerri: i love ending on an optimistic note. that is nitely good news. i would like to thank all my guests are you think you all for yo fine alysis and thank you for your help tonight. i really appreciate it. >> thank you. >> happy new year. gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. stilahead tonight, it's not just the fisca cliff mess that congress has leftundone. there is a whole lot of other work that our lawmers should have done this year but did not. i will tell you all about it. and we will be right back when some people struggle with their mortgage payments, they become frozen, petrif
now, this is the only shot we havto avoid the fiscal cliff. the fact that they are giving another shot over the next 48 hours, it is probably as good of a result from the meeting s you could've expected. gerri: i love ending on an optimistic note. that is nitely good news. i would like to thank all my guests are you think you all for yo fine alysis and thank you for your help tonight. i really appreciate it. >> thank you. >> happy new year. gerri: how would you describe today's...
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cnn's coverage of the fiscal cliff continues right after this.
cnn's coverage of the fiscal cliff continues right after this.
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even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news for home sellers because there is less competition. bad news for buyers. demand is also up, rising rent, rising prices, both of those will get urgency. the growth hasn't been great but it has been enough to get people off the fence, people feel more secure so demand is up. and finally, credit. it will be important to look at what are the standards to get a mortgage, much harder to get a mortgage even thou
even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you...
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cliff. >> talks between the two sides appear to be stalled right now. only hours to go, any reason for optimism this morning? >> it's hard to say. it is not looking good at this point. today is a rare new year's eve session of congress following a weekend where they again tried to reach a deal and still no compromise. the u.s. is just hours away from going over that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and swing -- a tactic -- and cuts. >> >> t . >> i hope that they can work together and realize that this is affecting everyone. >> both chambers will reconvene this morning at whichthat they k together and realize that this is affecting everyone. >> both chambers will reconvene this morning at which point, there are just 12 hours left until this deadline. >> whatboth chambers will recone this morning at which point, there are just 12 hours left until this deadline. >> what are lawmakers working on today? >> we understand that senator harry reid, the majority leader, will what are
cliff. >> talks between the two sides appear to be stalled right now. only hours to go, any reason for optimism this morning? >> it's hard to say. it is not looking good at this point. today is a rare new year's eve session of congress following a weekend where they again tried to reach a deal and still no compromise. the u.s. is just hours away from going over that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and...
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those guys are sittings on the sidelines right now because they're worried about what the fiscal cliff has wrought. tomorrow. i have to tell you this. we'll have a ceo on tomorrow who says fiscal cliff, shmisfiscal cliff, that is a bunch crap. you can say that what you want to but it caused a lot of half vock in the market. it caused a lot of people to pull out of the market. david: because of low volume. individual traders can have unequal amount of influence when the volume is this low. >> that's right. david: thanks very much, jeff. >> appreciate it, david. shibani: we have a close encounter with a few sharks, maybe a bit too close. keep it here on fox business to figure out what we are talking about. ♪ . but we can still help you see. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity.
those guys are sittings on the sidelines right now because they're worried about what the fiscal cliff has wrought. tomorrow. i have to tell you this. we'll have a ceo on tomorrow who says fiscal cliff, shmisfiscal cliff, that is a bunch crap. you can say that what you want to but it caused a lot of half vock in the market. it caused a lot of people to pull out of the market. david: because of low volume. individual traders can have unequal amount of influence when the volume is this low....
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of course president obama comments on the fiscal cliff at 5:45 eastern. keep it right here on fox business because, do you ever have too much money? so, , this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. adam: that's a live picture of the white house inside the press briefing room. president obama is going to make comments from the pest room 5:45 eastern regarding the fiscal cliff. as soon as he comes into the briefing room and takes to the podium fox business will bring us his statement live right here. >>> but firsts more sabre-rattling coming out of iran. the rogue state launching major military exercises. served in the u.s. navy for 11 years. i would imagine. you were in at some point ever in the persian gu
of course president obama comments on the fiscal cliff at 5:45 eastern. keep it right here on fox business because, do you ever have too much money? so, , this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us...
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and we will be right back gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush
and we will be right back gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get this done. it's the right thing to do for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to...
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Dec 29, 2012
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of course president obama comments on the fiscal cliff at 5:45 eastern. keep it right here on fox business because, do you ever have too much money? ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] a full life measured in seats starts with the right ones early on. car crashes are the number one killer of children 1 through 13. learn how to prevent deaths and injuries by using the right car seat for your child's age and size. adam: that's a live picture of the white house inside the press briefing room. president obama is going to make comments from the pest room 5:45 eastern regarding the fiscal cliff. as soon as he comes into the briefing room and takes to the podium fox business will bring us his statement live right here. >>> but firsts more sabre-rattling coming out of iran. the rogue state launching major military exercises. served in the u.s. navy for 11 years. i would imagine. you were in at some point ever in the persian gulf area? >> i was off of somalia with the uss el paso. i was just inthe region of international commission on religious free
of course president obama comments on the fiscal cliff at 5:45 eastern. keep it right here on fox business because, do you ever have too much money? ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] a full life measured in seats starts with the right ones early on. car crashes are the number one killer of children 1 through 13. learn how to prevent deaths and injuries by using the right car seat for your child's age and size. adam: that's a live picture of the white house inside the press...
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Dec 31, 2012
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to a fiscal cliff deal. the latest word is that they are negotiating over the exact amount where taxes will rise, 450, maybe 550, maybe in the middle at 500 but the president did throw a barb out there saying if the republicans think we are done with tax revenue and spending cut discussion, they have another thing coming. welcome to final "street signs" of 2012. and if things don't go well, maybe the final "street signs" ever. just kidding. just ten hours left in this year in washington and ten years until we fall off the fiscal cliff. can we get it done? >> working the phones day and night, let's goat john harwood in washington. lots and lots of headlines, fill us in. >> the latest mandy is that negotiations agreed on the middle class portion of the tax cuts. these are talks between biden and mcconnell. what they agreed to is 39%, 39.6, rather, of individuals over $400,000 in income. married couples above $450,000. estate tax to 40% for estates over $5 million p.m. and rise in dividend rates. can they resol
to a fiscal cliff deal. the latest word is that they are negotiating over the exact amount where taxes will rise, 450, maybe 550, maybe in the middle at 500 but the president did throw a barb out there saying if the republicans think we are done with tax revenue and spending cut discussion, they have another thing coming. welcome to final "street signs" of 2012. and if things don't go well, maybe the final "street signs" ever. just kidding. just ten hours left in this year...
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we can still avoid going over the fiscal cliff if we step for this week and republicans to solve this problem and solve it now. >> we talk with washington post reporter laurie montgomery this morning for the update on the fiscal cliff negotiations. >> tell us, what kind of a deal the president offered and what is new in the negotiations among the senators and between the senators and the white house? >> there does not appear to be anything new. the policy they are talking about are the same public -- policies that have been on the table for weeks. what is new is they seem to have finally agreed they will move forward with something. there is no guarantee that the republican leader and democratic leader will be able to put together an agreement. but they are now saying they will try to do it. they are working together and amy towards a vote sunday are monday. >> what is the scuttlebutt among the rank-and-file senators about whether or not they're going to be able to pull this off before the end of the weekend? >> it happened so late, and it was really difficult -- i do not believe anyo
we can still avoid going over the fiscal cliff if we step for this week and republicans to solve this problem and solve it now. >> we talk with washington post reporter laurie montgomery this morning for the update on the fiscal cliff negotiations. >> tell us, what kind of a deal the president offered and what is new in the negotiations among the senators and between the senators and the white house? >> there does not appear to be anything new. the policy they are talking...
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with the fiscal cliff will last. if it's short and we get a resolution, i think we will avoid a recession. if it takes months to figure out, then i think in a slow-growth economy we could get into recession territory pretty easily without some certainty. >> but as you know, we're going to be -- even if we get a deal, we will be hearing reports on quarterly earnings in the next couple of weeks. we will be hearing from c.e.o.'s that will be talking about their out look and with all of the uncertainty probably we will be getting a lot of gloomy news. they can't be helping investor confidence, right? >> right. that's true. if we don't have some certainty on the fiscal cliff, if we don't have resolution to that, i think you're right. in that c.e.o.'s probably will remain fairly conservative in their out look and that probably won't be good for the market. but if we do get resolution, i think c.e.o.'sy nature tend to be optimistic people, and if there's some resolution and they know what the rules of engagement are, they'r
with the fiscal cliff will last. if it's short and we get a resolution, i think we will avoid a recession. if it takes months to figure out, then i think in a slow-growth economy we could get into recession territory pretty easily without some certainty. >> but as you know, we're going to be -- even if we get a deal, we will be hearing reports on quarterly earnings in the next couple of weeks. we will be hearing from c.e.o.'s that will be talking about their out look and with all of the...
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what we are seeing is more and more people right now as congress looks that the fiscal cliff, talking about the things that concerns them. i want to tell you, some things watching right now who think the country should goefrt fiscal cliff, a quote i got there on facebook, talking about this, this one says let's go over it. it is long overdue and we need several more just like t some politicians see it as the easiest way of implementing long overdue cuts without endless congressional squabbles from adam chance campbell wrote on my facebook page. y'all will like the next one, look that the quote from jeff clark, what the mayans couldn't do in thousands of years both houses of congress are doing. let me tell everybody, the world will not end if we go over the fiscal cliff. i don't want you to feel that watch doesn't mean there aren't serious concerns for a lot of people involved. a couple more here from facebook this one says they need a reality check in how the 98% really lives. that's from felicia persaud on facebook. one more here the people express third desire for ending the bush ta
what we are seeing is more and more people right now as congress looks that the fiscal cliff, talking about the things that concerns them. i want to tell you, some things watching right now who think the country should goefrt fiscal cliff, a quote i got there on facebook, talking about this, this one says let's go over it. it is long overdue and we need several more just like t some politicians see it as the easiest way of implementing long overdue cuts without endless congressional squabbles...
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the fiscal cliff, which companies get hurt the most if we go right over that cliff? elizabeth ma cdonald is here with the bottom line. what are we looking at for bad news for what companies? >> walmart hand capped this and have their score card. a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government contracts. you'll see in here, look at that, motorola, holdings in and waste management companies like waste management and republic services, ashley. ashley: what are the stock prices on the companies, iz? >> good point. goldman sachs warned since 2011 when that debt ceiling crisis hit in the summer of 2011 that triggered the fiscal cliff learning
the fiscal cliff, which companies get hurt the most if we go right over that cliff? elizabeth ma cdonald is here with the bottom line. what are we looking at for bad news for what companies? >> walmart hand capped this and have their score card. a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's...
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the debt showdown last summer is what led to the fiscal cliff we're facing right now. just one more complication or bargaining chip. remind us, you're the best at putting this in perspective. remind us why the debt ceiling is just as important as the fiscal cliff. >> let me take you back a little while. to the conversation about the bun ji jump. here's the problem. confidence doesn't react to a bun ji jump. if you stole my phone and then i got it back from you, it would take that time before i develop that trust wp we saw the consumer confidence numbers come out and they have taken a big hit because consumers are worried about the fiscal cliff. the investing side is our debt raiting, you'll recall the last time we messed around with the debt ceiling, we got kicked down a notch. so if we are seen to be so irresponsible we would do this again and get past our debt limit, the world may sit there and say you're not that good. maybe americans are irresponsible with their money. we hit the debt limit on money. we have known that was coming. the treasury secretary reenforced
the debt showdown last summer is what led to the fiscal cliff we're facing right now. just one more complication or bargaining chip. remind us, you're the best at putting this in perspective. remind us why the debt ceiling is just as important as the fiscal cliff. >> let me take you back a little while. to the conversation about the bun ji jump. here's the problem. confidence doesn't react to a bun ji jump. if you stole my phone and then i got it back from you, it would take that time...
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cliff. >> all right. amman, aside from the impact on businesses, right, there's also this impact particularly on lower income americans. >> right. >> you have the payroll tax, which is scheduled also -- the payroll tax cut is scheduled to expire, which would increase taxes on people who are paying that from 4.2ers perz to 6.2%. . what impact would that have on individual spending? isn't that one of the more stimulating stacks cuts that was passed in 2009? >> that was designed as a short-term stimulus. people see that immediately in their paycheck, and the idea was nelled immediately go out and spend it. s people have been spending it. once that goes up, you will see less money in your paycheck as a result of the payroll tax cut not being extended this time around. both democrats and republicans agree not to extend it. neither party kind of likes that tax cut, but for different reasons. so for a lot of political reasons, that's not in this debate right now. that thing has been left aside, and we're talking
cliff. >> all right. amman, aside from the impact on businesses, right, there's also this impact particularly on lower income americans. >> right. >> you have the payroll tax, which is scheduled also -- the payroll tax cut is scheduled to expire, which would increase taxes on people who are paying that from 4.2ers perz to 6.2%. . what impact would that have on individual spending? isn't that one of the more stimulating stacks cuts that was passed in 2009? >> that was...
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align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. welcome to you both. >> good to see you. >> good to see you. i'm just so sad we have to talk about the fiscal cliff. let's start with you, roland. harry reid comes out and says the house isn't in session. the president is back. the house is going nowhere. john boehner is doing a terrible job and we'll likely go off the cliff because of the republicans. >> it's interesting. this morning i talked to congressman e moon yule cleaver and part of the issue deals with the house rules. they have to have 48-hours notice to come back to washington, d.c. republicans also have a rule -- >> like there are
align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and...
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we are watching right now the fiscal cliff negotiations and traders are watching closely and it is a flat morning as they are on both sides of the aisle trying to work that out. >>> and now dave clark and pam cook are both off and we continue with ktvu channel 2 morning news. >>> there was a police shooting overnight in walnut creek. christian captain is near 680 with new information he found out within the past hour, christian? >> reporter: we have been on the scene since 4:30 and there is still a sizable police presence and we have seen some units just leaving in a few minutes. we have learned of course this was an officer involved shooting. if you take a look from our vantage point, the scene is at that brick wall you can see in the distance. police confirmed it all started as domestic violence and we have learned that the initial 911 call came in shortly before 3:15. >> we received 911 call transfer from the fire department at 3:13 this morning. there was screaming on the line. officers were dispatched and arrived within minutes. we received a radio transmission at 3:19 that shot
we are watching right now the fiscal cliff negotiations and traders are watching closely and it is a flat morning as they are on both sides of the aisle trying to work that out. >>> and now dave clark and pam cook are both off and we continue with ktvu channel 2 morning news. >>> there was a police shooting overnight in walnut creek. christian captain is near 680 with new information he found out within the past hour, christian? >> reporter: we have been on the scene...
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cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who has heard word of a setback in the talks. dana, what do you know? >> setback from the perspective of democrats. we should underscore that. this is any information that is coming out. is coming out for a purpose. this is certainly significant. when it comes to the democrats' perspective. and that is, they are very unhappy and they call a quote poison pill. what they say is an offer from the republicans to include in this deal, which has been from the democrats perspective, mostly focused on taxes to in
cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who...
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. >>> well, the fiscal cliff deadline not having a positive effect on the markets as we take a look at the numbers for you plus video of an aquarium full of sharks bursting at a mall in shanghai. >>> all right, there is a live look at your big board this morning, the dow is down only about 32 points, stocks moving up and down as this fiscal crisis continues, the markets dipped this morning after senate majority leader harry reid said a deal may not be reached, they recovered after the house announced they will reconvene, expect more of that because of that. >>> this morning the labor department reported a better than expected report on the number of jobless claims, 350,000 people filed for first time unemployment benefits last week, down 12,000 from the week br. but the decline may be exaggerated by the christmas holiday because government offices were closed monday and tuesday. >>> 16 people were injured after a shark filled aquarium burst at a 1407ing mall u in shanghai, check out this video, there it goes, it captured the moment when that 33 tonya aquarium shattered, it burst withou
. >>> well, the fiscal cliff deadline not having a positive effect on the markets as we take a look at the numbers for you plus video of an aquarium full of sharks bursting at a mall in shanghai. >>> all right, there is a live look at your big board this morning, the dow is down only about 32 points, stocks moving up and down as this fiscal crisis continues, the markets dipped this morning after senate majority leader harry reid said a deal may not be reached, they recovered...
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Dec 30, 2012
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ali, why does it have to be a scr scramble as the fiscal cliff is approaching and why right now? what will it take to hold congress' feet to the fire finally? i mean, if it has not been held to the fire now sh, and how soo will people start feeling the pain if no deal is reached? ali, bring in both sides of the political aisle and republican strategist anna navarro and maria cardona in washington. welcome the both of you. anna, why are we here right now? why are we sitting here right now talking about this right now with the senate gone home and congress in there working and the light is on, but few people are at home. why are we doing this? >> there is no good explanation. there's definitely no justification and no excuse for this. this is like, don, when you at the beginning of the year, when you are in school at the beginning of the year and you have been assigned a big project and you leave it to the last night. when i used to do thoo i was punished. if kids behaved the way the congresspeople were, they would be in time-out. if it were the private sector, they'd all be fired.
ali, why does it have to be a scr scramble as the fiscal cliff is approaching and why right now? what will it take to hold congress' feet to the fire finally? i mean, if it has not been held to the fire now sh, and how soo will people start feeling the pain if no deal is reached? ali, bring in both sides of the political aisle and republican strategist anna navarro and maria cardona in washington. welcome the both of you. anna, why are we here right now? why are we sitting here right now...
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Dec 29, 2012
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so the first three months of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we ave such an nasa's spending problem is the reason why these things are occurring the way they are. tom: you heard the president come out and talk to the white house press corps. he talked about maintain a middle-class tax cuts. he did not define what that is. maybe it to 50 might be 40500. extend unemployment benefits and the spending cuts will get to those letters. >> here is what is so ironic, the same democrats in 2001 and three railed against the bush tax cuts. now see some salvation in them because they are what is propping up the economy right now. beyond the ironic part of this, look, not only do you have that tax policy expiring and the sequestration pending on january 2nd, but we have also got a lot of taxes kicking in january 1st which will pack a mighty big wallop. this is the perfect trifecta of bad things happening to the economy all at once. no one is t
so the first three months of the year you have fiscal cliff, debt limit, and appropriations laps all staring the american people in the face. i get it that people are sick of this combat at the same time it is because we ave such an nasa's spending problem is the reason why these things are occurring the way they are. tom: you heard the president come out and talk to the white house press corps. he talked about maintain a middle-class tax cuts. he did not define what that is. maybe it to 50...
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. >> yeah, we're worried about the fiscal cliff. isn't that the problem. >> you've got guys of men, mostly in philadelphia, not all living out in reading, they live right in the city. they think about the second amendment all of the time. >> i think there are many responsible gun owners, again, who are hunters, who know about gun safety and training, they put locks on their guns, they put them in a locker so that they're not accessible to children or others who should not have them or don't know how to use them. the work that the mayor bloomberg is doing and mayor menino, mayors against illegal guns, that demand a plan activity and web site, people should check that out. they should get engaged and involved. i saw an ad in one of the new york papers asking people to sign up. this issue is not going away. we, as a country, damn well better figure out how to do more than one thing at a time. fiscal cliff? very important. public safety and gun violence? very important. getting people back to work in america? very important. we can actu
. >> yeah, we're worried about the fiscal cliff. isn't that the problem. >> you've got guys of men, mostly in philadelphia, not all living out in reading, they live right in the city. they think about the second amendment all of the time. >> i think there are many responsible gun owners, again, who are hunters, who know about gun safety and training, they put locks on their guns, they put them in a locker so that they're not accessible to children or others who should not have...
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fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have spent months drawing partisan lines in the sand. the president's proposal to raise tax on the top 2% of americans won't even pay one-third of the annual interest that's now owed on this massive $16 trillion debt. in fact, the president's tax hike would only fund the government for eight days. >> the senate i
fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and...
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we should be right here with four days to go before the fiscal cliff strikes. >> all right. always a pleasure. thank you, sir. >> good to be with you. >>> major break today in negotiations between dock workers and port operators puts off at least for now a port strike that would have shut down nearly all shipping traffic along the east and gulf coast. a federal mediator says that the union and group representing the shipping lines agreed to a 30-day contract extension narrowly averting the sunday strike deadline. business groups warn that the economic impact of such a work stoppage is disaster. joining me is nbc's ron mott. for folks not following the story, how did we get here? >> reporter: folks haven't because they're paying attention to the fiscal cliff. this was lurking in the shadows and today moved the ball down the field for 30 days and may be talking about a strike again in 30 days but the big issue here was this so-called container royalty that the shipping companies pay to the union members who actually the guys and men and women offloading the big ships and the c
we should be right here with four days to go before the fiscal cliff strikes. >> all right. always a pleasure. thank you, sir. >> good to be with you. >>> major break today in negotiations between dock workers and port operators puts off at least for now a port strike that would have shut down nearly all shipping traffic along the east and gulf coast. a federal mediator says that the union and group representing the shipping lines agreed to a 30-day contract extension...
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Dec 31, 2012
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that's what this whole fiscal cliff debate is all about, right? it's about taking money out of the economy. it's about slowing job growth. it's about the potential for a recession in the beginning part of this year, and 9.1% unemployment by the end of the year because of all the money taken out. so what they're doing here is critical stuff. you heard about how this whole process taking a hatchet in the efforts of budget control, when you should use a scalp peel but congress has shown any willingness. >> christine, thank you very much. we'll get your perspective on the other side of the president's address. it's about 15 minutes away or so. he will speak at the white house addressing the american people essentially about the updates on the talks with republicans. it has been the vice president, vice president biden, and the republican senate minority leader mitch mcconnell who have been in negotiations and discussions. we'll see just how far they have gotten and whether or not there is something real that has been put on the table. we're going to h
that's what this whole fiscal cliff debate is all about, right? it's about taking money out of the economy. it's about slowing job growth. it's about the potential for a recession in the beginning part of this year, and 9.1% unemployment by the end of the year because of all the money taken out. so what they're doing here is critical stuff. you heard about how this whole process taking a hatchet in the efforts of budget control, when you should use a scalp peel but congress has shown any...
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Dec 27, 2012
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over the fiscal cliff. but i think what is important is what harry reid said, there's a bill you could pass in the house, for the house to pass the senate bill is quickest. you can't do it because you have all the democrats and nancy pelosi can whip her caucus, she maas lie one or two, and then you need about 30 republicans, but boehner -- >> arguing the senate bill is more partisbipartisan. >> it means only 2% of people would pay the 39% tax rate on everything above 250, right? but you reason he won't even try to pass that bill, is because he doesn't want the optics with the bill being passed with mostly democrats. bainers wants it a majority of the majorities, that that will be mostly republicans passing it. that's impossible, because republicans, you can't even get 10 or 20 of them to agree on anything they think is a tax hike. so you have a stalemate of boehner's over design. >>> ryan, to you, please responds to what joann said. a year ago, did you think -- yeah, we knew this was going to happen, did yo
over the fiscal cliff. but i think what is important is what harry reid said, there's a bill you could pass in the house, for the house to pass the senate bill is quickest. you can't do it because you have all the democrats and nancy pelosi can whip her caucus, she maas lie one or two, and then you need about 30 republicans, but boehner -- >> arguing the senate bill is more partisbipartisan. >> it means only 2% of people would pay the 39% tax rate on everything above 250, right? but...
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if not for the so-called fiscal cliff debate they're trying to strike a deal on. that would be also on other legislation that would come up with 113th congress. democrats want to ensure they have 55 votes when the 113th congress begins on january 3rd. >> senior political editor mark murray for us on this thursday, appreciate it, sir. >> thank you, craig. >>> outrage of russian president vladimir putin's decision to sign a bill to block americans from adopting russian children and a video of a squarm bursting in a shopping mall. details on that story around the "news nation." [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better unde
if not for the so-called fiscal cliff debate they're trying to strike a deal on. that would be also on other legislation that would come up with 113th congress. democrats want to ensure they have 55 votes when the 113th congress begins on january 3rd. >> senior political editor mark murray for us on this thursday, appreciate it, sir. >> thank you, craig. >>> outrage of russian president vladimir putin's decision to sign a bill to block americans from adopting russian...
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so we know what we're dealing with, and i think it affects us right now in the fiscal cliff negotiations because we are not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate, and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together, maybe it's like a dysfunctional family, but we do have to work together because without bipartisanship, nothing is going anywhere. therefore, i think you have to go back to negotiations 101. which is that someone in a negotiation has to win some and lose some. the other party in a negotiation has to win some and lose some. the president is not going to get everything he wants. the republicans in the house and senate are not going to get everything we want. nor are the democrats in the house and senate. so we have areas where we can come together, and i've seen it. all of us were talking in the last couple of hours about how we have talked to our counterparts
so we know what we're dealing with, and i think it affects us right now in the fiscal cliff negotiations because we are not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate, and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together, maybe it's like a dysfunctional family, but we do have to work...
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Dec 29, 2012
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the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much we will get to that and much let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be
the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much we will get to that and much let's give thanks - for...
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because of the fiscal cliff, huge amounts of oil money on the side lines right now. take a look at volumes. we ran these numbers and put this together, february of 2011 it was a good month for oil, trading the average day, 934,000 contracts traded. by last month, november of this year, that was almost cut in half to almost -- well, a little bit more than half a million a day. yesterday the volume? 175,000 contracts. and today our producer just gave me the numbers, just totalled up all. 261,000 contracts today. that's still half the typical volume for december. this money is on the side lines because even though you can make a lot of money in oil, nobody wants to be hanging out there right now with the danger of the fiscal cliff overhanging everything. it's -- it's not a good time if you have got money and you want to do something with it. ashley: that's right. >> it's on the side lines. ashley: you are right. jeff in the cold. thank you jeff. thank you very much. did you end up with coal in your stocking this year? we had to use that line. coal stocks have taaen a tu
because of the fiscal cliff, huge amounts of oil money on the side lines right now. take a look at volumes. we ran these numbers and put this together, february of 2011 it was a good month for oil, trading the average day, 934,000 contracts traded. by last month, november of this year, that was almost cut in half to almost -- well, a little bit more than half a million a day. yesterday the volume? 175,000 contracts. and today our producer just gave me the numbers, just totalled up all. 261,000...
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the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much >> sean: as president obama continues to place the blame on congressional leaders for the looming fiscal cliff disaster. the president seems to be he okay with this happening. why? because if obama stood up and showed real leadership there be consequences for him. this could impact the radical agenda he plans to put forth in a second term. senator john kerry awaits his confirmation hearings to begin and republicans are saying not so fast and demanding current secretary of state hillary clinton testify on benghazi before any confirmation hearings begin. joining me with reaction to all this and much more is f
the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much >> sean: as president obama continues to place...
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the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much more. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depres
the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much more. [ lisa ] my name's lisa, and chantix helped me...
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let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with the $1 trillion plus deficits we have yearly. this is the fifth year in a row, we're going to have $20 trillion worth of debt on top of $48 trillion worth a long-term liabilities by the time mr. obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten
let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts....
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. >>> all right some more expert opinion on a possible vote on this so called fiscal cliff. i'm going to bring in the republican from the great state of caps cannes. always great to have you on the show. first of all, will the majority of republicans vote for this deal even though i'm not sure what the deal is on the sequester side? >> is there is an interest of solving the problem i think what you said is how most republican ares feel. we need to know the details of the deal and i'm on the side if it is going to be postponed it is going to be paid for by reduced spending elsewhere. that is the wrong direction to go. so while there is an interest and believe that we are getting close to a deal, there is yet enough unknown that you can't answer your question at this time. >> it troubles me, if you run off the sequester and run off the tax revenues to make up the difference which is what the president said today in his goofy press conference. if that happens, i want to ask you if this thing can actually pass. too quick, 51 votes and 60 votes and democrats and republican ares c
. >>> all right some more expert opinion on a possible vote on this so called fiscal cliff. i'm going to bring in the republican from the great state of caps cannes. always great to have you on the show. first of all, will the majority of republicans vote for this deal even though i'm not sure what the deal is on the sequester side? >> is there is an interest of solving the problem i think what you said is how most republican ares feel. we need to know the details of the deal and...
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appreciate your time. >> right now the threat of the fiscal cliff hanging over our entire nation. we will see a deal before the deadline. will it happen? now less than 25 hours away. lawmaker who's think the president wants to go over the fiscal cliff? why? i will ask him. there is no mass-produced human. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualizes your sleep. the only place you'll find the sleep number bed. a bed with dual-air technology that allows you to adjust to the support your body needs. and the only place you'll find the sleep number year-end event. save 50% on the final closeout of our silver limited edition bed. plus, through new year's day, special financing on selected beds. in the name of human individuality: the sleep number collection. and the sleep number year-end event. exclusively at one of our 400 sleep number stores nationwide, where queen mattresses start at just $699. sleep
appreciate your time. >> right now the threat of the fiscal cliff hanging over our entire nation. we will see a deal before the deadline. will it happen? now less than 25 hours away. lawmaker who's think the president wants to go over the fiscal cliff? why? i will ask him. there is no mass-produced human. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive...
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>>> still no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now both parties in the senate are meeting behind closed doors to discuss what was going on and what they may or may not be able to agree to as you've reported throughout the hour. mitch mcconnell has reached out to vice president biden, two experienced legislative hands who have worked together on these types of deals before. if anyone at this late hour could get a deal done it would likely be these two. keep in mind, no matter what deal is crafted on in the senate, voted on tonight and tomorrow morning it still has to get passed here in the house where i'm standing right now. we were talking to tom cole a little while ago on the
>>> still no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now...